Today's Economy Economic Roundup: It Could've Been Worse The unemployment rate will spike but CARES Act limits hysteresis. Canada Weekly: Ailing Alberta The province is particularly exposed to the economic effects of the COVID-19 outbreak. Geopolitical Risk Calendar: Governments Look to Ease COVID-19 Restrictions Coronavirus cases may have peaked in many European countries. The CARES Act and the U.S. Unemployment Rate The legislation won’t have a major impact on joblessness right away, but in the medium term it will be healing. » VIEW MORE TODAY'S ECONOMY
Commentary Europe Weekly Highlights and Preview: 24 April, 2020 First-quarter GDP estimates are coming, and we expect the numbers to be awful. U.S. COVID-19 Tracker Update: Small Business Remains Under Pressure Hurricane Katrina may provide a useful guidepost on what could happen to the labor force. Businesses Batten Down the Hatches COVID-19 is hitting the U.S. economy hard, and firms are struggling to manage through increasingly difficult times. Asia-Pacific Weekly Highlights and Preview: 24 April, 2020 The outlook for South Korean foreign trade is grim. » VIEW MORE COMMENTARY
Today's Economic Indicators
Canada RPS House Price Index Mar. 2020: United Kingdom Retail Sales Mar. 2020: -5.1% U.K. retail sales plunged by 5.1% m/m in March after a 0.3% fall in February, marking the largest decline on record. United States Durable Goods (Advance) Mar. 2020: -14.4% U.S. durable goods orders dropped 14.4% in March, a little less than our forecast for a 15% decline but more than the consensus for an 11.3% decline. Mexico Economic Activity Index Feb. 2020: -0.6% Mexico's index of economic activity reported an annual contraction of 0.6% in February after decreasing 0.8% in the previous month and growing 0.9% a year earlier. Russian Federation Unemployment Mar. 2020: 4.7% Russia’s unemployment rate rose to 4.7% in March, a 0.1-percentage point increase over the February reading. United States University of Michigan Consumer Sentiment Survey Apr. 2020: 71.8 Consumer sentiment stabilized in April but remains at a very low level given ongoing shutdowns and clear evidence of massive job losses. » VIEW MORE ECONOMIC INDICATORS |